Huawei, the Hidden Dragon in the East
Date:8/20/2009 5:00:00 AM
slowdown, Huawei has maintained its robust growth momentum. According to the
company's internal consolidated sales data, its contract sales in the first
half of 2009 totaled USD
Global Top 500 companies, the 500th player posted annualized revenue of USD
one step away from Top 500 status. It is noteworthy that the growth rate of
Huawei's 2008 annual turnover was a substantial 42.7%. Various signs indicate
that Huawei is a great candidate for this year's Global Top 500 companies.
Having fully utilized
Huawei, the Global Top 500 hopeful, continue its robust growth?
Among its Chinese counterparts who are also marching towards the Global
Top 500, Lenovo China is struggling to maintain its position as the fourth
biggest PC manufacturer in the world; Haier is seeking to upgrade itself into
a service-oriented enterprise. Huawei, with its rich entrepreneurial culture
that few Chinese enterprises can match, is maintaining a world-class standard
in the telecommunication area, holding the largest number of patents in the
world in 2008. Empowered by "technology-driven development" and "quality
service," it has put equal emphases on R&D and the market, swiftly translating
its technology into products and further spreading them out to consumers, thus
seizing the market ahead of others by its business acumen and fast response,
finally occupying a commanding height. That might be the reason behind
Huawei's outperforming Lenovo and Haier.
Fairtheword.com notes that Huawei's fast growth is also attributable to
its mastering of both technology and the market. Started as a telephone
exchanger producer, it has been growing its footprint steadily, breaking the
technological monopoly by several big players in the international telecom
arena through technology innovation. In addition, Huawei has positioned itself
as more than a mere manufacturer: It has embraced the vision of making
strategic moves by weighing both its products and the end market, thus
becoming a holistic solutions provider. This could inspire other Chinese
enterprises -- evolving from a manufacturer to developer and manufacture, to
brand holder, service provider and industry-wide solution provider.
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